PBDCvsPGXETF Comparison
VS
ETF 2
PGX
Invesco Preferred ETF
Putnam BDC Income ETF (PBDC) belongs to the US Financials segment. Invesco Preferred ETF (PGX) is part of the segment. PBDC's top 2 sector exposures are Finance and Non-Corporate. In contrast, PGX's top sector exposures are Finance, Utilities and Telecommunications. PBDC is more expensive with a Total Expense Ratio (TER) of 11.77%, versus 0.5% for PGX. PBDC is down -10.58% year-to-date (YTD) with +$65M in YTD flows. PGX performs better with -9.71% YTD performance, and +$34M in YTD flows. Run a side-by-side ETF comparison of PBDC and PGX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PBDC vs PGX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PBDC PGX | -5.81%-3.15% | -4.85%-7.04% | -10.58%-9.71% | -5.46%-10.80% | +11.58%+10.45% | n/a-13.92% |
| Flows | PBDC PGX | -$9M+$34M | +$3M+$10M | +$65M+$34M | +$80M+$208M | +$293M-$526M | --$1.63B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PBDC PGX | +17.66%+6.10% | +18.67%+5.48% | +16.88%+8.06% | n/a+10.50% |
| Max drawdown | PBDC PGX | -9.61%-8.02% | -15.60%-12.66% | -20.22%-13.73% | n/a-24.51% |
| Max drawdown duration | PBDC PGX | 64d89d | 274d241d | 604d730d | n/a1804d |
Trading data
PBDC | PGX | |
Last sale 10/19/2026 at 1:30 PM | $24.75 | $9.94 |
| Previous close 10/16/2026 | $25.20 | $10.04 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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PBDC
is actively managed and doesn’t replicate an indexPBDC | PGX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
PBDC | PGX | |
|---|---|---|
| Last price | $24.75 | $9.94 |
| 1D performance | -1.79% | -1.00% |
| AuM | $265.29 M | $3.61 B |
| E/R | 11.77% | 0.5% |
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Exposure
Countries
PBDC
USA
100%
Other
-0%
PGX
USA
94.01%
Other
5.99%
Sectors
PBDC
Finance
99.83%
Other
0.17%
PGX
Finance
79.85%
Utilities
11.17%
Other
8.98%
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Diversification
PBDC
Total weight of top 15 holdings out of 15
85.77%
PGX
Total weight of top 15 holdings out of 15
18.05%
Top 15 holdings
Data as of August 31, 2026
PBDC
Blue Owl Technology Finance Corp
10.90%
Blue Owl Capital Corp.
10.61%
Ares Capital Corp.
10.21%
Hercules Capital, Inc.
8.50%
Main Street Capital Corp
7.80%
Golub Capital BDC, Inc.
5.30%
Trinity Capital, Inc.
4.80%
Sixth Street Specialty Lending, Inc.
4.15%
Blackstone Secured Lending Fund
4.10%
Barings BDC, Inc.
3.50%
MSC Income Fund, Inc.
3.37%
Kayne Anderson BDC, Inc.
3.33%
Capital Southwest Corp
3.29%
FS KKR Capital Corp.
3.11%
Oaktree Specialty Lending Corp.
2.78%
PGX
JPMorgan Chase & Co.
1.79%
JPMorgan Chase & Co.
1.54%
Wells Fargo & Co.
1.45%
JPMorgan Chase & Co.
1.31%
JPMorgan Chase & Co.
1.31%
Bank of America Corp.
1.29%
AT&T, Inc.
1.16%
Bank of America Corp.
1.13%
JPMorgan Chase & Co.
1.04%
Capital One Financial Corp.
1.03%
Bank of America Corporation, 6.45% 15dec2066, USD
1.03%
AT&T Inc, 5.35% 1nov2066, USD
1.01%
Bank of America Corp.
1.00%
Morgan Stanley
1.00%
Morgan Stanley
0.98%
Frequently asked questions about PBDC and PGX
How have the PBDC and PGX ETFs performed in 2026?
As of October 16, 2026, PBDC is down -10.58% year-to-date (YTD), while PGX has lost -9.71%. That puts PGX better performer ahead so far this year.
Which ETF is attracting more investor money: PBDC or PGX?
Year-to-date, the PBDC ETF saw +$65M in flows, compared to +$34M for PGX.
Which ETF is more volatile: PBDC or PGX?
Over the past year, PBDC had a volatility of 18.67%, while PGX experienced 5.48%.
Which ETF is bigger: PBDC or PGX?
As of October 16, 2026, PBDC holds $265.29 M in assets under management (AUM), while PGX manages $3.61 B.
What sectors do the PBDC and PGX ETFs invest in?
PBDC leans toward sectors like Finance. Meanwhile, PGX focuses on Finance and Utilities.
What are the top holdings of the PBDC ETF and PGX ETF?
PBDC top holdings include Blue Owl Technology Finance Corp, Blue Owl Capital Corp. and Ares Capital Corp.. PGX holds in its top three: JPMorgan Chase & Co., JPMorgan Chase & Co. and Wells Fargo & Co..
Which ETF is more diversified: PBDC or PGX?
PBDC holds 25 securities with 85.77% of its assets in the top 15. PGX has 270 securities and a top 15 weight of 18.05%.
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